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  Forum » Doubts and questions » deposits Date
23 msgs.
Child's coach
 Im sure there is a problem with deposits last week i got £1182 interest off £5 million , but i also got £510 off £200k. There must be something wrong in there somewhere. Can any of you guys explain?? 14/08/2012 19:44
  - Div/Gr
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1368 msgs.
International
 Do you have any proof? Could you post a picture so the @'s could see what happened? I am not really sure. 15/08/2012 07:57
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2030 msgs.
Best scorer
here we go again utd said:
Im sure there is a problem with deposits last week i got £1182 interest off £5 million , but i also got £510 off £200k. There must be something wrong in there somewhere. Can any of you guys explain??

When you deposit the money affects the amount of interest you receive the following week. So you can actually compare those two values if they were deposited the same day. For instance, I deposited an amount on Friday and another on Saturday last week; I got 0.205% on Friday's and 0.11% on Saturday's.
 15/08/2012 10:58
  FC Ubuntu™ - Div1/Gr1
23 msgs.
Child's coach
 Why do they say that the interest will be 7% when infact it will be so much less as you say 0.205 and 0.11%. Or am i just reading that all wrong 15/08/2012 11:24
  - Div/Gr
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 Well, I've not really checked how they calculate it but you definitely don't get anything close to 7% each week. This is also true when you borrow; you don't pay 7% each week if you borrowed at that rate 15/08/2012 12:02
  FC Ubuntu™ - Div1/Gr1
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5633 msgs.
Golden Ball
 It's 7% (or whatever the interest is at the time). The amount you see on the deposits screen beneath the amount you wish to deposit represents what you would earn should you keep your money in deposits for 13 weeks (or for one season). It's calculated daily and paid weekly

Edited by @practicesquad 15-08-2012 12:06 		15/08/2012 12:06
  - Div/Gr
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MVP of the game
 I think it (loosely) follows this logic:
You get paid interest weekly, on Mondays.
If you deposit €1,000,000 on Monday, and leave it there until the following Monday you get 7% on the that €1M
If you deposit €1,000,000 on Tuesday, and leave it there until the following Monday you get 6% on that €1M.
and so on for the rest of the days. 		15/08/2012 13:50
  - Div/Gr
23 msgs.
Child's coach
 Ok oh i thought that was the amount per week. That does explain it a lot better. Thanks 15/08/2012 13:50
  - Div/Gr
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Golden Ball
Koppington said:
I think it (loosely) follows this logic:
You get paid interest weekly, on Mondays.
If you deposit €1,000,000 on Monday, and leave it there until the following Monday you get 7% on the that €1M
If you deposit €1,000,000 on Tuesday, and leave it there until the following Monday you get 6% on that €1M.
and so on for the rest of the days.


If you deposit 1,000,000 on a Monday at 7%, next monday you will earn 1,000,000 x 7% / 13 (number of weeks in a season) or $5,384 (rounding up). If you deposit on Tuesday you will earn 1,000,000 x 7% / 13 x 6/7 (for Wednesday it will be 5/7, Thursday 4/7 and so on) or $4,615. 		15/08/2012 14:49
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